Trump and the tax code simplification

It will get heated. Can't take it, don't open the forum.
Forum rules
We tolerate extreme views, assuming no actual discrimination against board-members occurs. We will let snowflakes melt from the heat.
Jmac Attack
Charter Member
Posts: 5402
Joined: Sun May 21, 2017 10:20 am

Re: Trump and the tax code simplification

Post by Jmac Attack »

Foo wrote:
Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:My God.....is this guy out of touch, or what? Lmao


https://www.yahoo.com/news/millionaire- ... 53877.html
If you do not want a tax cut, take it anyway and send it to me. I will make great use of it.
Never said I won't take it. I haven't even commented on his plan as I want to see the details. That guy though, is way out of touch though. I mean, he understands rich people, sure.
I know that GardenVarietyDemocrat.com is going to push negativity about everything these people try to do, but follow me for a moment.

If you have even a little additional money and you need a new car, does that help? If you are looking at a car, and the payment was $80 a month less, might that help you afford it? Ever know someone who buys a used car, but it is "new" to them? Might some extra money they get to keep that they earned help them?

I know because this guy is successful it means you must hate on him and try to tear him down, but maybe listen for a moment to people who are trying to help you instead of people who want to gin up news stories.
I know poor people who are out of touch too. See, this is why it is hard to even have a conversation with you. I don't begrudge those who are rich. You obviously do not get me, at all. You're the opposite. If someone is rich, they get a pass and shouldn't be scrutinized, and poor people suck. Christ, you probably think Trump built his businesses from the ground up, lmao. You probably think I have no rich friends. The ones I do have, are still in touch with reality. This guy.......I thought it was funny. Meh.
I don't demonize success because I am not a liberal slapdick. You think I am difficult because I do not agree. The people you call conservatives you know are probably RINOs or something. They tell you things you like to hear or that they think will not offend you.
Lmao. No. More in line with Jason tbh, bruh bruh. It's hard because of your condescending nature. Not because you disagree with me.

And I don't ever get offended. Again, you have painted a picture of me and that's fine. My conservative friends are pretty far right. What, you don't think Uber conservatives and liberals can be friends and have good conversations about their beliefs? I have always said it is easier to have these conversations having a beer, or grilling out, etc....face to face. Online, you can be condescending all you want. You can also paint a picture of me! Use finger painting if ya wish.
Jmac Attack
Charter Member
Posts: 5402
Joined: Sun May 21, 2017 10:20 am

Re: Trump and the tax code simplification

Post by Jmac Attack »

Hahaha.....fuckall. Foo knows my friends lmao.
Jmac Attack
Charter Member
Posts: 5402
Joined: Sun May 21, 2017 10:20 am

Re: Trump and the tax code simplification

Post by Jmac Attack »

To be clear about my previous post, I meant that my friends that are conservative are like Jason. My best friend in the world would make Foo proud. If that makes sense lol
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

Why do you think your friends can't talk some sense into you? lulz. :p
User avatar
showa58taro
Administrator
Posts: 8729
Joined: Wed May 17, 2017 6:29 pm
Location: London, England

Re: Trump and the tax code simplification

Post by showa58taro »

It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Image
Jmac Attack
Charter Member
Posts: 5402
Joined: Sun May 21, 2017 10:20 am

Re: Trump and the tax code simplification

Post by Jmac Attack »

showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
User avatar
showa58taro
Administrator
Posts: 8729
Joined: Wed May 17, 2017 6:29 pm
Location: London, England

Re: Trump and the tax code simplification

Post by showa58taro »

Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
It isn’t that hard to work out if you get overall increases or decreases vs current law.
Image
Jmac Attack
Charter Member
Posts: 5402
Joined: Sun May 21, 2017 10:20 am

Re: Trump and the tax code simplification

Post by Jmac Attack »

Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
User avatar
showa58taro
Administrator
Posts: 8729
Joined: Wed May 17, 2017 6:29 pm
Location: London, England

Re: Trump and the tax code simplification

Post by showa58taro »

Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
Foo will take the Republican Line. Tax increases will be irrelevant to the massive growth in jobs and wages. Despite the fact that there is no single historic example linking rampant growth to corporation tax cuts. So, have fun watching billionaires get richer. :D
Image
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
Let me check off some boxes:

- Note that friend is big time - CHECK!
- Note that friend is conservative - CHECK!
- Regular working dude sitting down with his accountant to review proposed legislation - CHECK!
- Despite the fact this will lower taxes on practically everyone who is not a special circumstance, assume you are the loser - CHECK!

Do you pay taxes now? If the answer is yes, you are far more likely than not to see less tax
Are you part of the "working rich" ($500,000 income but still have high mortgage and expenses)? If not, you are far more likely to pay less tax
Do you have a massive property tax bill every year? If not, you are far more likely to pay less tax
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

showa58taro wrote:
Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
Foo will take the Republican Line. Tax increases will be irrelevant to the massive growth in jobs and wages. Despite the fact that there is no single historic example linking rampant growth to corporation tax cuts. So, have fun watching billionaires get richer. :D
I enjoy everyone getting richer, whether they are poor or billionaires. The success of others make me happy.

This lowers the taxes on income at every level, and make it so many more at the lower end of the spectrum pay no income tax because the exemption amount is doubled.
User avatar
showa58taro
Administrator
Posts: 8729
Joined: Wed May 17, 2017 6:29 pm
Location: London, England

Re: Trump and the tax code simplification

Post by showa58taro »

Foo wrote:
showa58taro wrote:
Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
Foo will take the Republican Line. Tax increases will be irrelevant to the massive growth in jobs and wages. Despite the fact that there is no single historic example linking rampant growth to corporation tax cuts. So, have fun watching billionaires get richer. :D
I enjoy everyone getting richer, whether they are poor or billionaires. The success of others make me happy.

This lowers the taxes on income at every level, and make it so many more at the lower end of the spectrum pay no income tax because the exemption amount is doubled.

You’re not reading the finer print. Lower and middle income Americans will see overall increases made worse by the times phase out of the cuts for individuals.

The rich do well, middle class does mixed. Poor does badly from the House bill. Senate just makes things worse.
Image
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

showa58taro wrote:
Foo wrote:
showa58taro wrote:
Jmac Attack wrote:
Foo wrote:
Jmac Attack wrote:
showa58taro wrote:It’s finally here. Sucks to be D, Jason, and Headward, and indeed Foo. Tax increases for all kinds of people over a decade, and redistribution of wealth in two ways. One is shifting cash from blue states to red states. The other is to shift money from the lower and middle class to give to the ultra rich.

Look forward to seeing the bill try to avoid widespread criticism and condemnation from Foo and Jason. Nobody likes Robin Hood economics am I right? Don’t make successful blue states bail out poor failing red ones? Let them
Pull themselves up without government assistance, innit?
Buddy of mine who has been an accountant for a big time law firm since 2000, and is a conservative, is gonna get with me on Saturday to break down this tax plan. So far, he is saying what you are saying. I am curious to see if I am getting fucked or not.....probably getting fucked.
Lol. This sounds legit.
Not sure I understand? I can tag ya on Facebook or send video of the conversation if ya would like, or summat? Would love to hear your take.
Foo will take the Republican Line. Tax increases will be irrelevant to the massive growth in jobs and wages. Despite the fact that there is no single historic example linking rampant growth to corporation tax cuts. So, have fun watching billionaires get richer. :D
I enjoy everyone getting richer, whether they are poor or billionaires. The success of others make me happy.

This lowers the taxes on income at every level, and make it so many more at the lower end of the spectrum pay no income tax because the exemption amount is doubled.

You’re not reading the finer print. Lower and middle income Americans will see overall increases made worse by the times phase out of the cuts for individuals.

The rich do well, middle class does mixed. Poor does badly from the House bill. Senate just makes things worse.
Where are these lies coming from?

Right off the bat, if you are poor you get an exemption for twice the amount you previously did. The rate goes down or stays the same in both the House and Senate plans all the way up to $170,000.

The whole, middle class does mixed thing comes from conveniently calling someone making $350k per year middle class.
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

Here is the thing, you are being played as a useful idiot by democrats when you divide people into "rich", "middle class", and "poor" rather than looking at income levels. Is a family making $70,000 a year poor? Middle Class? It depends on where you live and other circumstances. Those attempting to politicize versus analyze use those terms. Don't be played a fool.
User avatar
Tiggnutz
Administrator
Posts: 17255
Joined: Wed May 17, 2017 6:35 pm
Location: Baltimore

Re: Trump and the tax code simplification

Post by Tiggnutz »

At this point something is better than nothing I'm willing to roll the dice on Trump for this one.
Image
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

BTW, this is a good article to help understand how certain decisions are made, particularly why the individual cuts sunset and some of the choices that must be made in tax policy.

https://taxfoundation.org/permanent-cor ... l-tax-cut/
User avatar
showa58taro
Administrator
Posts: 8729
Joined: Wed May 17, 2017 6:29 pm
Location: London, England

Re: Trump and the tax code simplification

Post by showa58taro »

Tiggnutz wrote:At this point something is better than nothing I'm willing to roll the dice on Trump for this one.
Technically losing money in the long term IS less than nothing. Just pointing that out.
Image
User avatar
Foo
Administrator
Posts: 5387
Joined: Wed May 17, 2017 6:45 pm

Re: Trump and the tax code simplification

Post by Foo »

Image
User avatar
Tiggnutz
Administrator
Posts: 17255
Joined: Wed May 17, 2017 6:35 pm
Location: Baltimore

Re: Trump and the tax code simplification

Post by Tiggnutz »

showa58taro wrote:
Tiggnutz wrote:At this point something is better than nothing I'm willing to roll the dice on Trump for this one.
Technically losing money in the long term IS less than nothing. Just pointing that out.
As far as economy he has done nothing but prove people wrong eventually you gotta see what he has to do. Like I said if he was not child like in his actions I would be fine. he has done some good.
Image
Post Reply